Epcon Andrews Chapel Financing
Epcon Andrews Chapel, Llc, Limited Liability Company just had published form D because of $4.75 million debt financing. This is a new filing. Epcon Andrews Chapel, Llc is expected to finance itself with $4.75 million in this round of financing. The total financing amount was $4.75 million. The financing form was filed on 2016-10-11. The reason for the financing was: unspecified. The fundraising still has about $4.75 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Epcon Andrews Chapel is based in Ohio. The filler’s business is Residential. The form D was filed by Joel D Rhoades Vice President. The company was incorporated in 2016. The filler’s address is: 500 Stonehenge Parkway, Dublin, Oh, Ohio, 43017. Philip G Fankhauser is the related person in the form and it has address: 500 Stonehenge Parkway, Dublin, Oh, Ohio, 43017. Link to Epcon Andrews Chapel Filing: 000167744116000001.
Analysis of Epcon Andrews Chapel Offering
On average, startups in the Residential sector, sell 100.00% of the total offering amount. Epcon Andrews Chapel sold 0.00% of the offering. The financing is still open. The average investment size for companies in the Residential industry is $178,000. The offering was 100.00% smaller than the average of $178,000. Of course this should not be seen as negative. Startups get financed for a variety of needs and reasons. The minimum investment for this fundraising was set at $100000. If you know more about the reasons for the fundraising, please comment below.
What is Form D? What It Is Used For
Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.
Why Fundraising Reporting Is Good For Epcon Andrews Chapel Also
The Form D signed by Joel D Rhoades might help Epcon Andrews Chapel, Llc’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.
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